Nevada Corporate vs. Michigan

Nevada vs. Michigan Incorporation Comparison

Michigan levies a single business tax on corporations in the state and only adds on a 0.8% gross receipts tax on top of it. Michigan personal income tax is fairly mild as well at only 4.35%. Yet the Tax Foundation’s Corporate Income Tax Ranking gives Michigan a 49. View all the regulations for incorporating in Michigan. Nevada is ranked 1 on this measure with no corporate sales tax at all. There are also far better asset protection benefits for Nevada corporations. You’re your business or LLC could stand to gain a lot by incorporating in Nevada rather than Michigan: